Investment Company Act file number 811-21152
Nuveen Georgia Dividend Advantage Municipal Fund 2
(Exact name of
registrant as specified in charter)
Nuveen
Investments
333 West
Wacker Drive, Chicago, Illinois 60606
(Address of
principal executive offices) (Zip code)
Kevin
J. McCarthy Vice President and
Secretary
333 West Wacker
Drive, Chicago, Illinois 60606
(Name and address of
agent for service)
Registrant's telephone number, including area code: 312-917-7700
Date of fiscal year end: 5/31
Date of reporting period: 2/28/09
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Schedule of Investments
Portfolio of Investments (Unaudited) | ||||||||
Nuveen Georgia Dividend Advantage Municipal Fund 2 (NKG) | ||||||||
February 28, 2009 | ||||||||
Principal | Optional Call | |||||||
Amount (000) | Description (1) | Provisions (2) | Ratings (3) | Value | ||||
| ||||||||
Consumer Staples 2.3% (1.5% of Total Investments) | ||||||||
$ 2,000 | Puerto Rico, The Childrens Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, | 5/12 at 100.00 | BBB | $ | 1,346,220 | |||
Series 2002, 5.500%, 5/15/39 | ||||||||
| ||||||||
Education and Civic Organizations 14.9% (9.8% of Total Investments) | ||||||||
2,500 | Athens Housing Authority, Georgia, Student Housing Lease Revenue Bonds, UGAREF East Campus | 12/12 at 100.00 | Aa2 | 2,475,275 | ||||
Housing LLC Project, Series 2002, 5.000%, 12/01/33 AMBAC Insured | ||||||||
1,225 | Athens-Clarke County Unified Government Development Authority, Georgia, Educational Facilities | 12/12 at 100.00 | A | 1,254,253 | ||||
Revenue Bonds, UGAREF CCRC Building LLC Project, Series 2002, 5.000%, 12/15/18 | ||||||||
AMBAC Insured | ||||||||
2,000 | Atlanta Development Authority, Georgia, Educational Facilities Revenue Bonds, Science Park LLC | 7/17 at 100.00 | A1 | 1,738,180 | ||||
Project, Series 2007, 5.000%, 7/01/39 | ||||||||
2,000 | Fulton County Development Authority, Georgia, Revenue Bonds, Georgia Tech Klaus Parking and | 11/13 at 100.00 | AA | 2,032,360 | ||||
Family Housing, Series 2003, 5.000%, 11/01/23 MBIA Insured | ||||||||
1,050 | Fulton County Development Authority, Georgia, Revenue Bonds, TUFF Morehouse Project, Series | 2/12 at 100.00 | A | 999,684 | ||||
2002A, 5.000%, 2/01/34 AMBAC Insured | ||||||||
200 | Gainesville Redevelopment Authority, Georgia, Educational Facilities Revenue Bonds, Riverside | 3/17 at 100.00 | N/R | 101,562 | ||||
Military Academy Project, Series 2007, 5.125%, 3/01/37 | ||||||||
| ||||||||
8,975 | Total Education and Civic Organizations | 8,601,314 | ||||||
| ||||||||
Health Care 22.6% (14.8% of Total Investments) | ||||||||
150 | Baldwin County Hospital Authority, Georgia, Revenue Bonds, Oconee Regional Medical Center, | 12/09 at 100.00 | BB+ | 140,681 | ||||
Series 1997, 5.250%, 12/01/12 | ||||||||
Baldwin County Hospital Authority, Georgia, Revenue Bonds, Oconee Regional Medical Center, | ||||||||
Series 1998: | ||||||||
40 | 5.250%, 12/01/22 | 12/10 at 100.00 | BB+ | 28,204 | ||||
315 | 5.375%, 12/01/28 | 6/09 at 102.00 | BB+ | 202,274 | ||||
1,000 | Chatham County Hospital Authority, Savannah, Georgia, Hospital Revenue Bonds, Memorial Health | 1/14 at 100.00 | BBB | 730,890 | ||||
University Medical Center Inc., Series 2004A, 5.375%, 1/01/26 | ||||||||
Coffee County Hospital Authority, Georgia, Revenue Bonds, Coffee County Regional Medical | ||||||||
Center, Series 2004: | ||||||||
165 | 5.000%, 12/01/19 | 12/14 at 100.00 | BBB | 138,499 | ||||
1,000 | 5.250%, 12/01/22 | 12/14 at 100.00 | BBB | 801,080 | ||||
1,000 | Floyd County Hospital Authority, Georgia, Revenue Anticipation Certificates, Floyd Medical | 7/12 at 101.00 | Aa3 | 796,290 | ||||
Center Project, Series 2002, 5.200%, 7/01/32 MBIA Insured | ||||||||
1,100 | Houston County Hospital Authority, Georgia, Revenue Bonds, Houston Healthcare Project, Series | 10/17 at 100.00 | A2 | 875,149 | ||||
2007, 5.250%, 10/01/35 | ||||||||
Newnan Hospital Authority, Georgia, Revenue Anticipation Certificates, Newnan Hospital Inc., | ||||||||
Series 2002: | ||||||||
2,260 | 5.500%, 1/01/19 MBIA Insured | 1/13 at 100.00 | A2 | 2,202,890 | ||||
3,020 | 5.500%, 1/01/20 MBIA Insured | 1/13 at 100.00 | A2 | 2,893,673 | ||||
2,000 | Savannah Hospital Authority, Georgia, Revenue Bonds, St. Josephs/Candler Health System, | 1/14 at 100.00 | A3 | 1,744,340 | ||||
Series 2003, 5.250%, 7/01/23 RAAI Insured | ||||||||
1,945 | Tift County Hospital Authority, Georgia, Revenue Anticipation Bonds, Tift Regional Medical | 12/12 at 101.00 | A2 | 1,847,225 | ||||
Center, Series 2002, 5.250%, 12/01/19 AMBAC Insured | ||||||||
750 | Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia | 10/17 at 100.00 | A+ | 605,340 | ||||
Medical Center, Series 2007, 5.000%, 10/01/33 | ||||||||
| ||||||||
14,745 | Total Health Care | 13,006,535 | ||||||
| ||||||||
Housing/Multifamily 4.9% (3.2% of Total Investments) | ||||||||
25 | Cobb County Development Authority, Georgia, Student Housing Revenue Bonds, KSU Village II Real | 7/17 at 100.00 | Baa1 | 18,977 | ||||
Estate Foundation LLC Project, Series 2007A, 5.250%, 7/15/38 AMBAC Insured | ||||||||
Savannah Economic Development Authority, Georgia, GNMA Collateralized Multifamily Housing | ||||||||
Revenue Bonds, Snap I-II-III Apartments, Series 2002A: | ||||||||
500 | 5.150%, 11/20/22 (Alternative Minimum Tax) | 11/12 at 102.00 | AAA | 499,470 | ||||
980 | 5.200%, 11/20/27 (Alternative Minimum Tax) | 11/12 at 102.00 | AAA | 921,798 | ||||
1,465 | 5.250%, 11/20/32 (Alternative Minimum Tax) | 11/12 at 102.00 | AAA | 1,351,096 | ||||
| ||||||||
2,970 | Total Housing/Multifamily | 2,791,341 | ||||||
| ||||||||
Housing/Single Family 0.9% (0.6% of Total Investments) | ||||||||
170 | Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2006C-2, 4.550%, | 12/15 at 100.00 | AAA | 137,040 | ||||
12/01/31 (Alternative Minimum Tax) | ||||||||
390 | Georgia Housing and Finance Authority, Single Family Mortgage Resolution 1 Bonds, Series | 6/11 at 100.00 | AAA | 365,477 | ||||
2001B-2, 5.400%, 12/01/31 (Alternative Minimum Tax) | ||||||||
| ||||||||
560 | Total Housing/Single Family | 502,517 | ||||||
| ||||||||
Industrials 2.9% (1.9% of Total Investments) | ||||||||
2,190 | Cobb County Development Authority, Georgia, Solid Waste Disposal Revenue Bonds, Georgia Waste | 4/16 at 101.00 | BBB | 1,667,838 | ||||
Management Project, Series 2004A, 5.000%, 4/01/33 (Alternative Minimum Tax) | ||||||||
| ||||||||
Long-Term Care 1.3% (0.9% of Total Investments) | ||||||||
1,000 | Fulton County Residential Care Facilities Authority, Georgia, Revenue Bonds, Elderly Care, | 7/17 at 100.00 | N/R | 519,930 | ||||
Lenbrook Square Project, Series 2006A, 5.125%, 7/01/42 | ||||||||
250 | Medical Center Hospital Authority, Georgia, Revenue Bonds, Spring Harbor at Green Island, | No Opt. Call | N/R | 244,083 | ||||
Series 2007, 5.000%, 7/01/11 | ||||||||
| ||||||||
1,250 | Total Long-Term Care | 764,013 | ||||||
| ||||||||
Materials 2.1% (1.4% of Total Investments) | ||||||||
1,000 | Richmond County Development Authority, Georgia, Environmental Improvement Revenue Bonds, | 2/11 at 101.00 | BBB | 715,640 | ||||
International Paper Company, Series 2001A, 6.250%, 2/01/25 (Alternative Minimum Tax) | ||||||||
250 | Richmond County Development Authority, Georgia, Environmental Improvement Revenue Refunding | 2/12 at 101.00 | BBB | 173,928 | ||||
Bonds, International Paper Company, Series 2002A, 6.000%, 2/01/25 (Alternative Minimum Tax) | ||||||||
370 | Savannah Economic Development Authority, Georgia, Pollution Control Revenue Bonds, Union Camp | No Opt. Call | Baa3 | 319,687 | ||||
Corporation, Series 1995, 6.150%, 3/01/17 | ||||||||
| ||||||||
1,620 | Total Materials | 1,209,255 | ||||||
| ||||||||
Tax Obligation/General 24.1% (15.8% of Total Investments) | ||||||||
600 | Cherokee County Resource Recovery Development Authority, Georgia, Solid Waste Disposal Revenue | 7/17 at 100.00 | AA+ | 495,432 | ||||
Bonds, Ball Ground Recycling LLC Project, Series 2007A, 5.000%, 7/01/37 AMBAC Insured | ||||||||
(Alternative Minimum Tax) | ||||||||
900 | Decatur, Georgia, General Obligation Bonds, Series 2007, 5.000%, 1/01/31 FSA Insured | 1/17 at 100.00 | AAA | 918,081 | ||||
1,000 | Forsyth County, Georgia, General Obligation Bonds, Series 2004, 5.250%, 3/01/19 | 3/14 at 101.00 | AA+ | 1,106,370 | ||||
1,700 | Georgia State, General Obligation Bonds, Series 2007, 5.000%, 8/01/24 | 8/17 at 100.00 | AAA | 1,813,033 | ||||
1,645 | Georgia State, General Obligation Bonds, Series 2009B, 5.000%, 1/01/26 | 1/19 at 100.00 | AAA | 1,740,607 | ||||
750 | Georgia, General Obligation Bonds, Series 1998D, 5.250%, 10/01/15 | No Opt. Call | AAA | 878,633 | ||||
1,000 | Georgia, General Obligation Bonds, Series 2005B, 5.000%, 7/01/15 | No Opt. Call | AAA | 1,154,680 | ||||
705 | Gwinnett County School District, Georgia, General Obligation Bonds, Series 2008, Trust 2868, | 2/18 at 100.00 | Aaa | 741,011 | ||||
13.019%, 2/01/36 (IF) | ||||||||
Oconee County, Georgia, General Obligation Bonds, Recreation Project, Series 2003: | ||||||||
1,410 | 5.500%, 1/01/23 AMBAC Insured | 1/13 at 101.00 | Aa3 | 1,505,020 | ||||
1,470 | 5.250%, 1/01/26 AMBAC Insured | 1/13 at 101.00 | Aa3 | 1,494,387 | ||||
1,200 | Paulding County School District, Georgia, General Obligation Bonds, Series 2007, | 2/17 at 100.00 | AA+ | 1,196,628 | ||||
5.000%, 2/01/33 | ||||||||
950 | Wayne County Hospital Authority, Georgia, Hospital Revenue Bonds, Series 2006, 5.000%, | 3/16 at 100.00 | N/R | 825,607 | ||||
3/01/23 SYNCORA GTY Insured | ||||||||
| ||||||||
13,330 | Total Tax Obligation/General | 13,869,489 | ||||||
| ||||||||
Tax Obligation/Limited 16.8% (11.0% of Total Investments) | ||||||||
120 | Atlanta, Georgia, Tax Allocation Bonds Atlanta Station Project, Series 2007, 5.000%, 12/01/23 | 12/17 at 100.00 | AAA | 117,672 | ||||
AGC Insured | ||||||||
130 | Atlanta, Georgia, Tax Allocation Bonds, Eastside Project, Series 2005A, 5.625%, 1/01/16 | No Opt. Call | N/R | 117,185 | ||||
(Alternative Minimum Tax) | ||||||||
Atlanta, Georgia, Tax Allocation Bonds, Eastside Project, Series 2005B: | ||||||||
250 | 5.400%, 1/01/20 | 7/15 at 100.00 | N/R | 202,723 | ||||
350 | 5.600%, 1/01/30 | 7/15 at 100.00 | N/R | 237,006 | ||||
340 | Atlanta, Georgia, Tax Allocation Bonds, Princeton Lakes Project, Series 2006, 5.500%, 1/01/31 | 1/16 at 100.00 | N/R | 224,818 | ||||
1,700 | Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Refunding Bonds, Series | 10/19 at 100.00 | AA | 1,791,205 | ||||
1993, 5.625%, 10/01/26 MBIA Insured | ||||||||
750 | Georgia Municipal Association Inc., Certificates of Participation, Atlanta Court Project, | 6/12 at 101.00 | A | 759,668 | ||||
Series 2002, 5.125%, 12/01/21 AMBAC Insured | ||||||||
915 | Georgia Municipal Association Inc., Certificates of Participation, Riverdale Public Purpose | 5/19 at 100.00 | AAA | 921,304 | ||||
Project, Series 2009, 5.500%, 5/01/38 AGC Insured | ||||||||
2,500 | Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Refunding Bonds, | No Opt. Call | Aa3 | 2,948,175 | ||||
Series 1992P, 6.250%, 7/01/20 AMBAC Insured | ||||||||
2,500 | Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding | No Opt. Call | BBB | 2,331,725 | ||||
Bonds, Series 2002F, 5.250%, 7/01/21 CIFG Insured | ||||||||
| ||||||||
9,555 | Total Tax Obligation/Limited | 9,651,481 | ||||||
| ||||||||
Transportation 6.5% (4.2% of Total Investments) | ||||||||
3,650 | Atlanta, Georgia, Airport General Revenue Refunding Bonds, Series 2000A, 5.500%, 1/01/21 | 1/10 at 101.00 | AA | 3,719,387 | ||||
FGIC Insured | ||||||||
| ||||||||
U.S. Guaranteed 14.6% (9.5% of Total Investments) (4) | ||||||||
1,000 | Augusta, Georgia, Water and Sewerage Revenue Bonds, Series 2002, 5.250%, 10/01/22 | 10/12 at 100.00 | AAA | 1,126,800 | ||||
(Pre-refunded 10/01/12) FSA Insured | ||||||||
1,000 | Cherokee County School System, Georgia, General Obligation Bonds, Series 2003, 5.000%, 8/01/16 | 8/13 at 100.00 | AA+ (4) | 1,135,500 | ||||
(Pre-refunded 8/01/13) MBIA Insured | ||||||||
DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Series 2000: | ||||||||
1,000 | 5.125%, 10/01/31 (Pre-refunded 10/01/10) MBIA Insured | 10/10 at 101.00 | AAA | 1,074,340 | ||||
900 | 5.375%, 10/01/35 (Pre-refunded 10/01/10) | 10/10 at 101.00 | AAA | 970,452 | ||||
1,300 | Fairburn, Georgia, Combined Utility Revenue Bonds, Series 2000, 5.750%, 10/01/20 | 10/10 at 101.00 | A (4) | 1,405,339 | ||||
(Pre-refunded 10/01/10) | ||||||||
1,305 | Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates, | 5/11 at 100.00 | A (4) | 1,416,290 | ||||
Northeast Georgia Health Services Inc., Series 2001, 5.500%, 5/15/31 (Pre-refunded 5/15/11) | ||||||||
1,100 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Series | 10/11 at 102.00 | Baa2 (4) | 1,242,549 | ||||
2001, 5.750%, 10/01/31 (Pre-refunded 10/01/11) | ||||||||
| ||||||||
7,605 | Total U.S. Guaranteed | 8,371,270 | ||||||
| ||||||||
Utilities 5.3% (3.4% of Total Investments) | ||||||||
1,000 | Elberton, Georgia, Combined Utility System Revenue Refunding and Improvement Bonds, Series | 1/12 at 100.00 | A3 | 1,030,110 | ||||
2001, 5.000%, 1/01/22 AMBAC Insured | ||||||||
1,000 | Georgia Municipal Electric Authority, General Power Revenue Bonds, Project 1, Series 2007A, | 1/17 at 100.00 | AA | 991,300 | ||||
5.000%, 1/01/25 MBIA Insured | ||||||||
1,000 | Municipal Electric Authority of Georgia, Project One Subordinated Lien Revenue Bonds, Series | 1/13 at 100.00 | AA | 1,008,280 | ||||
2003A, 5.000%, 1/01/22 MBIA Insured | ||||||||
| ||||||||
3,000 | Total Utilities | 3,029,690 | ||||||
| ||||||||
Water and Sewer 33.5% (22.0% of Total Investments) | ||||||||
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004: | ||||||||
500 | 5.250%, 11/01/15 FSA Insured | 11/14 at 100.00 | AAA | 557,010 | ||||
1,700 | 5.000%, 11/01/37 FSA Insured | 11/14 at 100.00 | AAA | 1,647,028 | ||||
3,500 | Augusta, Georgia, Water and Sewerage Revenue Bonds, Series 2002, 5.000%, 10/01/27 FSA Insured | 10/12 at 100.00 | AAA | 3,524,990 | ||||
1,990 | Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2001, 5.000%, | 8/18 at 100.00 | AAA | 1,978,359 | ||||
8/01/35 FSA Insured | ||||||||
Coweta County Water and Sewer Authority, Georgia, Revenue Bonds, Series 2007: | ||||||||
500 | 5.000%, 6/01/32 | 6/18 at 100.00 | Aa3 | 499,280 | ||||
500 | 5.000%, 6/01/37 | 6/18 at 100.00 | Aa3 | 495,475 | ||||
1,000 | Douglasville-Douglas County Water and Sewer Authority, Georgia, Water and Sewer Revenue Bonds, | 12/15 at 100.00 | Aa2 | 1,004,480 | ||||
Series 2005, 5.000%, 6/01/29 MBIA Insured | ||||||||
445 | Douglasville-Douglas County Water and Sewer Authority, Georgia, Water and Sewer Revenue Bonds, | 6/17 at 100.00 | Aa2 | 437,689 | ||||
Series 2007, 5.000%, 6/01/37 MBIA Insured | ||||||||
4,000 | Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2002, | 4/13 at 100.00 | AA+ | 4,005,677 | ||||
5.000%, 4/01/32 | ||||||||
375 | Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2007, 5.000%, | 4/17 at 100.00 | AAA | 371,629 | ||||
4/01/37 FSA Insured | ||||||||
950 | Fulton County, Georgia, Water and Sewerage Revenue Bonds, Series 1998, 5.000%, 1/01/16 | 7/09 at 100.50 | AA | 961,761 | ||||
FGIC Insured | ||||||||
3,100 | Harris County, Georgia, Water System Revenue Bonds, Series 2002, 5.000%, 12/01/22 | 12/12 at 100.00 | Baa1 | 3,131,496 | ||||
AMBAC Insured | ||||||||
685 | Walton County Water and Sewerage Authority, Georgia, Revenue Bonds, The Oconee-Hard Creek | 2/18 at 100.00 | Aa3 | 678,767 | ||||
Reservoir Project, Series 2008, 5.000%, 2/01/38 FSA Insured | ||||||||
| ||||||||
19,245 | Total Water and Sewer | 19,293,641 | ||||||
| ||||||||
$ 90,695 | Total Investments (cost $92,506,565) 152.7% | 87,823,991 | ||||||
|
| |||||||
Other Assets Less Liabilities 2.4% | 1,402,424 | |||||||
| ||||||||
Preferred Shares, at Liquidation Value (55.1)% (5) | (31,700,000) | |||||||
| ||||||||
Net Assets Applicable to Common Shares 100% | $ | 57,526,415 | ||||||
|
Fair Value Measurements
During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No.157) Fair Value Measurements. SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. In determining the value of the Fund's investments various inputs are used. These inputs are summarized in the three broad levels listed below:
Level 1 Quoted prices in active markets for identical securities. |
Level 2 Other significant observable inputs (including quoted prices for similar securities, interest rates, |
prepayment speeds, credit risk, etc.). |
Level 3 Significant unobservable inputs (including management's assumptions in determining the fair |
value of investments). |
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
The following is a summary of the Fund's fair value measurements as of February 28, 2009:
Level 1 | Level 2 | Level 3 | Total | |||||
| ||||||||
Investments | $ | $87,823,991 | $ | $87,823,991 | ||||
|
Income Tax Information
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to Statement of Financial Accounting Standards No. 140 (SFAS No. 140), if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
At February 28, 2009, the cost of investments was $92,503,438.
Gross unrealized appreciation and gross unrealized depreciation of investments at February 28, 2009, were as follows:
| ||
Gross unrealized: | ||
Appreciation | $ 1,089,132 | |
Depreciation | (5,768,579) | |
| ||
Net unrealized appreciation (depreciation) of investments | $(4,679,447) | |
|
(1) | All percentages shown in the Portfolio of Investments are based on net assets applicable to Common | |
shares unless otherwise noted. | ||
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. | |
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities | ||
may be subject to periodic principal paydowns. | ||
(3) | Ratings: Using the higher of Standard & Poors Group (Standard & Poors) or Moodys Investor Service, | |
Inc. (Moodys) rating. Ratings below BBB by Standard & Poors or Baa by Moodys are considered to be | ||
below investment grade. | ||
The Portfolio of Investments may reflect the ratings on certain bonds insured by ACA, AGC, AMBAC, CIFG, | ||
FGIC, FSA, MBIA, RAAI and SYNCORA as of February 28, 2009. Subsequent to February 28, 2009, and | ||
during the period this Portfolio of Investments was prepared, there may have been reductions to the | ||
ratings of certain bonds resulting from changes to the ratings of the underlying insurers both during the | ||
period and after period end. Such reductions would likely reduce the effective rating of many of the bonds | ||
insured by that insurer or insurers presented at period end. | ||
(4) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities | |
which ensure the timely payment of principal and interest. Such investments are normally considered to | ||
be equivalent to AAA rated securities. | ||
(5) | Preferred Shares, at Liquidation Value as a percentage of Total Investments is 36.1%. | |
N/R | Not rated. | |
(IF) | Inverse floating rate investment. |
Item 2. Controls and Procedures.
Item 3. Exhibits.
File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Nuveen Georgia Dividend Advantage Municipal Fund 2
By (Signature and Title)
/s/ Kevin J.
McCarthy
Kevin
J.
McCarthy
Vice President and Secretary
Date April 29, 2009
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)
/s/ Gifford R.
Zimmerman
Gifford R.
Zimmerman
Chief Administrative Officer (principal executive officer)
Date April 29, 2009
By (Signature and Title)
/s/ Stephen D.
Foy
Stephen
D.
Foy
Vice President and Controller (principal financial officer)
Date April 29, 2009